Corning Introduces Corning Lotus™ XT Glass and Showcases Glass Innovations at SID Display Week 2013
Second-generation composition features host of new capabilities
CORNING, N.Y., May 16, 2013 – Corning Incorporated (NYSE: GLW) today announced the commercial launch of Corning Lotus™ XT Glass, a second-generation glass substrate specially formulated for high-performance displays. The company will feature its latest specialty glass innovation – alongside its other advanced glass technologies – in its booth (#801) at the Society for Information Display’s (SID) Display Week in Vancouver, British Columbia, May 21 - 23.
Lotus XT Glass features best-in-class total pitch variation, which is integral to efficient panel manufacturing. Essentially, total pitch – usually measured in microns or parts per million (ppm) – is the distance features move during panel processing.
“If you can predict the amount the glass shifts, then you can account for this movement. Deviation – or variation – from this predictable movement can ultimately result in yield loss,” said John P. Bayne, vice president and general manager, Corning High Performance Displays. “Lotus XT Glass is designed to have improved thermal and dimensional stability over higher temperatures, generating higher yields for our customers.”
The Corning Lotus Glass platform enables organic light-emitting diode (OLED) displays and liquid crystal displays (LCD) that use either low-temperature poly-silicon (LTPS) or oxide thin-film transistor (TFT) backplanes. The result is an energy-efficient, immersive display device that features high resolution, fast response times, and bright picture quality.
In addition to Lotus XT Glass, the Corning booth will feature each of its advanced glass technologies, including: Corning EAGLE XG® Slim for a-Si displays; Corning® Willow™ Glass, the company’s ultra-slim, flexible glass; and Corning® Gorilla® Glass 3 with Native Damage Resistance™. Corning experts will provide daily demonstrations of Gorilla Glass 3, the industry-leading, damage-resistant cover glass. Attendees should consult booth staff for exact times.
Display Week attendees will also have the opportunity to hear several of Corning’s technology experts deliver presentations at the conference.
“Display Week is a time to take stock of the industry and its future,” Bayne noted. “The industry is changing, and Corning believes each of its innovative glasses helps solve tough technological challenges – advancing displays even further.”
For additional information about Corning’s presence at SID Display Week 2013, please visit www.corning.com/SID2013.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.
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